TWENTY-FIFTH AVENUE LTD
Twenty-Fifth Avenue provides supported accommodation for people at risk of homelessness. We offer temporary shared housing, tailored support, advice and guidance, and pathways into training, employment, and inclusion into the mainstream for the homeless. We also run a food provision programme, including our Woolwich/Birmingham Breakfast Club (food bank), operating 2 to 3 times a week.
Objects
TO RELIEVE THE NEED OF THE HOMELESS PRIMARILY BUT NOT EXCLUSIVELY IN KENT THROUGH THE PROVISION OF ADVICE, SUPPORT AND ACCOMMODATION PRIMARILY IN THE FORM OF SOCIAL HOUSING.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net income of £687,372 for the year ended 31 May 2025, with unrestricted funds totaling £1,774,929. The trustees report that reserves are maintained to protect service continuity and support capital initiatives, with no material uncertainties identified regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Housing benefits 8,867,438” — page 25
“The trustee Charles Osaghae, who also serves as a director of the charity, received remuneration as follows: - Gross salary for supporting the 24/7 project: £25,000 (2023/24) and £10,000 (2024/25). - Consultancy services provided to the charity: £35,000 (2023/24) and £48,600 (2024/25).” — page 24
“The charity established a wholly owned subsidiary, Thames Housing Management Ltd (THML), in response to the reluctance of mortgage lenders to provide loans directly to charities.” — page 22
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/05/2025)
Trustees
- Aniedi Ebong
- Clement Akinrinlade
- Kingsley Falola
- Lorrian Osaretin Uzoka
- Osahon Samuel Osaghae
- Queen Aminat Osawaru
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £9.0m | £8.3m |
| 31/05/2024 | £5.8m | £5.2m |
| 31/05/2023 | £3.7m | £3.6m |
| 31/05/2022 | £2.3m | £2.5m |
| 31/05/2021 | £1.4m | £1.3m |
Common questions
Is TWENTY-FIFTH AVENUE LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net income of £687,372 for the year ended 31 May 2025, with unrestricted funds totaling £1,774,929. The trustees report that reserves are maintained to protect service continuity and support capital initiatives, with no material uncertainties identified regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Crean & Co Accountants.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 31/03/2009 | £10k | Rescource Centre |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION | 2 | £4k |
| THE MARIE CELESTE SAMARITAN SOCIETY | 1 | £287k |
| THE JONES 1986 CHARITABLE TRUST | 1 | £175k |
| 2104 CHARITY FOUNDATION | 1 | £123k |
| THE MICHAEL BISHOP FOUNDATION | 1 | £100k |
| Kingsbury Charity | 1 | £95k |
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £92k |
| DRAPERS CHARITABLE FUND | 1 | £50k |
Charities like this
- TEAM A5 SUPPORT
- ASHFORD PLACE
- PROVIDENCE ROW
- VISION25
- HOMELESS STREET ANGELS LIMITED
- EMMANUEL HOUSE SUPPORT CENTRE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TWENTY-FIFTH AVENUE LTD | £9.0m | — | 0 | unclear | — | no doubt |
| TEAM A5 SUPPORT | £1.7m | — | — | unclear | — | no doubt |
| ASHFORD PLACE | £935k | — | — | above | — | no doubt |
| PROVIDENCE ROW | £3.9m | £80,000 - £89,999 | 5 | unclear | — | no doubt |
| VISION25 | £942k | — | 0 | below | — | no doubt |
| HOMELESS STREET ANGELS LIMITED | £147k | — | 0 | unclear | — | no doubt |